Park National Corp OH Purchases 22,089 Shares of Procter & Gamble Company (The) $PG

Key Points

• Park National Corp OH increased its holdings in Procter & Gamble by 8.9%, acquiring an additional 22,089 shares, bringing its total to 269,826 shares valued at approximately $42.99 million.
• Procter & Gamble recently declared a quarterly dividend of $1.0568, resulting in an annualized dividend of $4.23 and a yield of 2.7%.
• Research analysts have varying opinions on Procter & Gamble’s stock, with a consensus target price of $175.12, reflecting a mix of ratings ranging from "Strong Buy" to "Hold."

Park National Corp OH boosted its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 269,826 shares of the company's stock after acquiring an additional 22,089 shares during the period. Procter & Gamble accounts for about 1.4% of Park National Corp OH's investment portfolio, making the stock its 15th largest position. Park National Corp OH's holdings in Procter & Gamble were worth $42,989,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Unique Wealth LLC grew its position in Procter & Gamble by 2.9% during the first quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock valued at $365,000 after purchasing an additional 61 shares in the last quarter. Stableford Capital II LLC grew its position in Procter & Gamble by 1.1% during the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock valued at $993,000 after purchasing an additional 61 shares in the last quarter. Bernard Wealth Management Corp. grew its position in Procter & Gamble by 20.2% during the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock valued at $64,000 after purchasing an additional 63 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management grew its position in Procter & Gamble by 2.3% during the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock valued at $476,000 after purchasing an additional 63 shares in the last quarter. Finally, Kolinsky Wealth Management LLC grew its position in Procter & Gamble by 1.1% during the fourth quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock valued at $962,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Insiders Place Their Bets

In related news, CEO Sundar G. Raman sold 9,554 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,511,060.64. Following the sale, the chief executive officer directly owned 41,886 shares in the company, valued at $6,624,689.76. This trade represents a 18.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer L. Davis sold 8,596 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,351,892.92. Following the completion of the sale, the chief executive officer owned 64,991 shares in the company, valued at $10,221,134.57. This represents a 11.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock worth $18,918,012 over the last ninety days. Company insiders own 0.20% of the company's stock.

Procter & Gamble Trading Down 0.4%

Shares of PG stock opened at $158.02 on Friday. The firm has a 50-day moving average price of $156.21 and a 200 day moving average price of $161.90. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The company has a market capitalization of $369.85 billion, a P/E ratio of 24.27, a P/E/G ratio of 4.19 and a beta of 0.36.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the previous year, the firm posted $1.40 earnings per share. The company's revenue was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.98%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. Barclays set a $164.00 price objective on shares of Procter & Gamble and gave the company an "equal weight" rating in a research report on Thursday, July 31st. BNP Paribas reissued an "outperform" rating and issued a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. Finally, Evercore ISI reissued an "in-line" rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $175.12.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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